Word on the Street
  • Bad odours are the biggest turn-off for house hunters
    Tue 10 Sep 2013

    A recent survey from Move with Us, the UK’s largest network of independent estate agents, has exposed the most off-putting cosmetic flaws that potential buyers just can’t see past when house hunting. 

    The survey was conducted amongst 100 independent estate agents from the Move with Us Partner Network. The survey revealed that unpleasant odours came in as the number one factor that potential buyers just can’t overlook with 22% reporting this as the top turn-off when dismissing a property as their potential new home. A shabby, tired kitchen was next with 21% and a rundown bathroom came in third at 20%.

    On the other hand, the survey also revealed the cosmetic flaws that potential buyers are most likely to see past during a viewing. A bad paint job was cited as most easy to get over with a 22% response, clutter and an unruly garden came in joint second at 20%, followed by poor carpets at 16.85%.

    Robin King, Director at Move with Us, says: “Some cosmetic flaws are easy to see past and potential buyers can normally visualise what they’ll do with the space regardless of a bad paint job or a bit of mess on the floor. Others however prove much more troublesome and can often mean that a property ends up sitting on the market for longer before being sold or the vendor having to sell at a reduced price. With higher numbers of new properties entering the market, sellers should pay extra attention to making their property stand out against the competition.”

    “Sellers who want to make their kitchen or bathroom more desirable to potential buyers without the expense of purchasing new ones can opt to replace cupboard doors or give walls a lick of paint. Elsewhere in the house, sellers can help potential buyers to visualise themselves living in the property by neutralising any bright colour schemes and taking down personal photos. Ensuring the property can be seen as a blank canvas is a great psychological technique to help sell it.”

  • Properties close to premiership football grounds rise faster than the average
    Tue 10 Sep 2013

    Research from Halifax has suggested that properties close to popular football grounds rise in price twice as fast compared to the average property. Their research is based on the last decade focussing on 20 premier league football clubs which have just begun the new season. According to the report these areas have strong transport links and regeneration programmes around the stadiums which both attract buyers and can add value to a property. 

    Houseladder reported that in the postal districts of the 20 stadiums the average home is worth £319,800. This is a third higher than the average home in England and Wales which stands at £240,300. The research from Halifax stated that the value of properties in these areas have risen £353 per week.

    Craig McKinlay, Mortgage Director at Halifax, said: "The areas surrounding many of the country's top football clubs have seen house prices rise considerably during the past 10 years, with some of the best performers being those clubs with new grounds."

  • Dream homes, to include indoor pool
    Tue 10 Sep 2013

    Recent research from Ocean Finance has revealed that one third of people would like an indoor pool in their dream home. 

    Other popular answers included more attainable features such as an en suite bathroom at 33%, a conservatory at 32% and a walk-in wardrobe at 27%. Houseladder reported that on the whole the majority of answers were attainable, however the more ambitious answers included things such as a moat and a tennis court.

    Ian Williams from Ocean Finance said: "Adding an en suite or a shed can often be quite achievable. It's nice to see Brits are quite humble when it comes to thinking up what makes a dream home."

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